Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,195,533 shares of the bank’s stock after selling 873,828 shares during the quarter. Invesco Ltd. owned 5.49% of Citizens Financial Group worth $1,058,797,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Citizens Financial Group in the fourth quarter valued at about $28,000. Sierra Ocean LLC acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at approximately $47,000. Legacy Investment Solutions LLC acquired a new stake in shares of Citizens Financial Group during the third quarter worth approximately $48,000. Finally, Duncker Streett & Co. Inc. bought a new stake in shares of Citizens Financial Group in the fourth quarter worth $51,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

NYSE CFG opened at $34.28 on Monday. Citizens Financial Group, Inc. has a 52-week low of $31.51 and a 52-week high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The company has a 50 day simple moving average of $43.78 and a 200-day simple moving average of $44.10.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.90%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley reduced their price objective on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. reduced their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods increased their target price on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Raymond James restated a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Finally, Compass Point boosted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.06.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.